Warrior Met Coal, Inc. (NYSE:HCC) Short Interest Down 14.6% in July

Warrior Met Coal, Inc. (NYSE:HCC) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 3,400,000 shares, a decrease of 14.6% from the June 30th total of 3,980,000 shares. Based on an average daily trading volume, of 711,200 shares, the short-interest ratio is currently 4.8 days. Approximately 6.6% of the company’s shares are sold short.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its stake in Warrior Met Coal by 33.8% in the first quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company’s stock valued at $59,137,000 after acquiring an additional 246,217 shares during the last quarter. Hosking Partners LLP increased its stake in Warrior Met Coal by 68.9% in the second quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock valued at $30,264,000 after acquiring an additional 196,601 shares during the last quarter. Clearbridge Investments LLC bought a new position in Warrior Met Coal in the first quarter valued at approximately $9,234,000. Jupiter Asset Management Ltd. bought a new position in Warrior Met Coal in the first quarter valued at approximately $7,021,000. Finally, Forest Avenue Capital Management LP bought a new position in Warrior Met Coal in the fourth quarter valued at approximately $6,725,000. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Stock Performance

HCC stock traded down $1.34 during mid-day trading on Monday, hitting $68.13. 502,217 shares of the company were exchanged, compared to its average volume of 779,452. The business has a 50 day simple moving average of $67.48 and a 200-day simple moving average of $63.77. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.56 billion, a PE ratio of 8.20 and a beta of 1.05. Warrior Met Coal has a 1-year low of $38.01 and a 1-year high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The firm had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. During the same period last year, the business posted $3.57 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that Warrior Met Coal will post 7.36 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HCC shares. B. Riley raised their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Finally, BMO Capital Markets raised their price objective on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.80.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.